BY MOTOLANI OSENI Bureau De Change (BDC) operators in Nigeria, represented by the Association of Bureau De Change Operators of Nigeria (ABCON), are facing difficulties purchasing foreign exchange (forex) from banks, despite the recent recovery of the naira. The ABCON President, Aminu Gwadebe, explained that the issue arises from the disparity between the parallel market […]
Nigeria’s Foreign Exchange (Forex) market which would in the next few days’ wrap-up transactions activities for the first six months in 2018 has recorded a whopping total traded value of N26.57 trillion between January and May this year, investigations by The Daily Times revealed. It is instructive to note that forex market represents a platform […]
New facts have emerged on how the Bureaux De Change Operators in Nigeria are currently shunning the Central Bank of Nigeria’s (CBN’s) Foreign exchange (forex) market for a more profitable parallel market rate, findings by The Daily Times have revealed. Before now, Association of Bureaux De Change Operators of Nigeria (ABCON) has several times, called […]